157
157
Dec 5, 2012
12/12
by
CNBC
tv
eye 157
favorite 0
quote 0
. >> regardless of how fiscal cliff negotiations work out, for the first time ever, the irs will impose a new income surtax on all investment gains including your home. 159 pages of rules for one tax. this cannot be good. here now is the author of the book democracy denied. 159 pages. am i right it is going to include gains on your home? in fact this rule looks like it is going to cover more ground than originally thought. this surtax? >> well, you still have an exclusion on the tail of a primary residence. above that, it would be subject to this surtax. independent income. the rules are surrising. all rental income, you are going to have to pay the surtax on that rental income. depending on what happens with fiscal inclusive, we could be looking at 43.4%. all of this stuff, income is going to go up. there is a 0.9% payroll tax for people above $250,000. explain this to me. these investments aren't they already tax ee eed once? when you put it into corporate assets, you put it into corporate stock. this is an additional layer of tax on already taxed income. to worsen that, worsens that
. >> regardless of how fiscal cliff negotiations work out, for the first time ever, the irs will impose a new income surtax on all investment gains including your home. 159 pages of rules for one tax. this cannot be good. here now is the author of the book democracy denied. 159 pages. am i right it is going to include gains on your home? in fact this rule looks like it is going to cover more ground than originally thought. this surtax? >> well, you still have an exclusion on the...
43
43
Dec 10, 2012
12/12
by
MSNBC
tv
eye 43
favorite 0
quote 0
well, we begin with the new urgency in the fiscal cliff negotiations with now just 21 days, three weeks to reach a deal. today president obama returns to campaign mode taking the fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house, their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. so what happened? well, neither side revealed anything about the meetings, only saying that the lines of communication remain open. but yesterday another influential republican, senator bob corker from the senate banking commission said his party should consider the president's idea of raising tax rates on the wealthy. >> there is a growing group of folks that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. we have one house, that's it. the presidency and the senate is in the democrat's hands. a lot of people are putting forth a theory and i think it has merit where you go in and give the president the 2% increase that he's
well, we begin with the new urgency in the fiscal cliff negotiations with now just 21 days, three weeks to reach a deal. today president obama returns to campaign mode taking the fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house, their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. so what happened? well, neither side revealed anything about the meetings, only saying that the...
216
216
Dec 8, 2012
12/12
by
KRCB
tv
eye 216
favorite 0
quote 0
cliff negotiations? >> well, you know, you're right. some folks look at this and say the economy's strong enough. it should be able to digest big tax increases spending cuts. others look at it and say look we still have a very high unemployment rate, a long way to go to get back to full employment. the economy can't tolerate big tax increases and spending cuts. most political debates the realitis in beten. we do need to addres o fiscal problem so we do need to go through some spending cuts and we also need some tax revenue increases. but we have to phase it in over time, otherwise the economy will choke on that. we can't have too much restraint too quickly. so we have to phase this in, smooth it in to make it palpable for the economy. >> susie: until that happens, there is a lot of anxiety in the labor market. the big fear for many individuals and for investors is that companies are going to start laying off workers. we saw this week that cities he annnced 11,000 job cuts, is this the beginning of a tren
cliff negotiations? >> well, you know, you're right. some folks look at this and say the economy's strong enough. it should be able to digest big tax increases spending cuts. others look at it and say look we still have a very high unemployment rate, a long way to go to get back to full employment. the economy can't tolerate big tax increases and spending cuts. most political debates the realitis in beten. we do need to addres o fiscal problem so we do need to go through some spending...
148
148
Dec 5, 2012
12/12
by
CNBC
tv
eye 148
favorite 0
quote 0
i's an ipad, iphone fan. >>> another option on the fiscal cliff negotiating table being considered is raising the age when seniors can start receiving medicare to help ease our debt burden. what do you think, bob pisani? raise the age. is it a good idea? >> of course it is going to help us. we should consider that. that's the most likely thing on the cable. what i'm worried about here, it is very easy to say we'll save a bunch of money, pick a number, $6 billion or whatever the number if we take it off. where do the people go? those 65 to 67-year-olds will go into the private system where these exchanges we're going to have. they're likely going to pay more money there and the premiums are going to go up because of all those seniors. so it isn't free! that's my point. it is not just the government saves money, other people, those seniors are going to pay to be in those exchanges. >> there's no free lunch. >> nothing. >> i think there is good news that with this administration we don't have to worry about having another debate about privatizing social security. you and i, bob, are prob
i's an ipad, iphone fan. >>> another option on the fiscal cliff negotiating table being considered is raising the age when seniors can start receiving medicare to help ease our debt burden. what do you think, bob pisani? raise the age. is it a good idea? >> of course it is going to help us. we should consider that. that's the most likely thing on the cable. what i'm worried about here, it is very easy to say we'll save a bunch of money, pick a number, $6 billion or whatever the...
174
174
Dec 8, 2012
12/12
by
CNNW
tv
eye 174
favorite 0
quote 0
we can't negotiate with ourselves. >> here we are just weeks away from going over the fiscal cliff. you probably wonder what's going on in these houses in washington. they put themselves and their political gains first and put their future in prosperity second. hey, you voted them in. remember what happened the last time washington got into a budget battle like this? lawmakers put a band aid on the problem and the u.s. lost its aaa credit rating in the process. i warned you about the economic storm headed our way, partly because of europe and partly because of this fiscal cliff. i also told you about an american economic renaissance that could be just ahead. just beyond the storm clouds. the fiscal cliff is fixable. every day washington fails to make a deal, more damage is being done. john king, ken rogath is the former chief economist at the international monetary fund and diane swonk joins us from mezro financial. john, some people say don't sweat it. the threat of going over the fiscal cliff is overblown. it will get done in an 11th hour deal. as you read the politics at play, wh
we can't negotiate with ourselves. >> here we are just weeks away from going over the fiscal cliff. you probably wonder what's going on in these houses in washington. they put themselves and their political gains first and put their future in prosperity second. hey, you voted them in. remember what happened the last time washington got into a budget battle like this? lawmakers put a band aid on the problem and the u.s. lost its aaa credit rating in the process. i warned you about the...
158
158
Dec 10, 2012
12/12
by
CNBC
tv
eye 158
favorite 0
quote 1
. >> the fiscal cliff negotiations are getting very little attention. we will drill down on the estate tax levy later in the hour. >>> why is jc penny stock higher today? and apple shares getting cut. are these the right call? well analyze this and more after this. she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, se
. >> the fiscal cliff negotiations are getting very little attention. we will drill down on the estate tax levy later in the hour. >>> why is jc penny stock higher today? and apple shares getting cut. are these the right call? well analyze this and more after this. she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's...
92
92
Dec 9, 2012
12/12
by
CSPAN
tv
eye 92
favorite 0
quote 0
it does seem as though immigration will be the issue of next year once the fiscal cliff negotiations are over. we have heard from a number of republicans who think immigration reform may be easier to achieve a. in 2006, we had some very heated debate on that topic. at this point after an election where republicans lost the latino voters by a very large number, they are saying they would like to see immigration reform passed in some way. they will push it differently. >> i think governor peter shumlin is back. we were talking about immigration and global warming. did you want to finish your thoughts? >> what is right for vermont or massachusetts may not be bright for virginia or some of the other oil-producing producing states. i believe strongly that climate change is the single biggest challenge we face and we cannot move fast enough to do energy efficiency better. from the governor's perspective, it is a job creator. as we move to renewable and energy efficiency, which we have to do for climate change and because america cannot afford to continue to import oil that is $4, five buck
it does seem as though immigration will be the issue of next year once the fiscal cliff negotiations are over. we have heard from a number of republicans who think immigration reform may be easier to achieve a. in 2006, we had some very heated debate on that topic. at this point after an election where republicans lost the latino voters by a very large number, they are saying they would like to see immigration reform passed in some way. they will push it differently. >> i think governor...
183
183
Dec 11, 2012
12/12
by
CNBC
tv
eye 183
favorite 0
quote 1
we're expecting house speaker boehner to give us an update on the fiscal cliff negotiations at any minute. in have been sberp rating the previous silence from the administration and speaker's office as a good sign real progress was being made. from what we have heard from our guests so far this morning there's a general sense of optimism a deal will be reached. perhaps not in a forum that's widely expected. that optimism seemingly reflected in the markets. we are up more than 100 point ossen the dow. >> i'm maria bartiromo along with brian sullivan. representative patrick mchenry, republican from north carolina. good to have you on the program. thanks for joining us. let's talk about where we are. what would you say? where are we in terms of a deal? >> not as bad as last week and not as bad as the week before. not really in a great position to get things done. the president's more interested in campaigning around the country and telling people to send twitter messages to me on my twitter account. i haven't really seen much. we haven't seen much in the way of phone calls either. that's wha
we're expecting house speaker boehner to give us an update on the fiscal cliff negotiations at any minute. in have been sberp rating the previous silence from the administration and speaker's office as a good sign real progress was being made. from what we have heard from our guests so far this morning there's a general sense of optimism a deal will be reached. perhaps not in a forum that's widely expected. that optimism seemingly reflected in the markets. we are up more than 100 point ossen...
243
243
Dec 5, 2012
12/12
by
KTVU
tv
eye 243
favorite 0
quote 0
for now, fiscal cliff negotiations have slowed activity. "this is where the market is frustrated by politics. it's a vicious circle." even at a meeting of start-ups, a group some consider below the radar of fiscal cliff negotiations, some entrepreneurs are becoming unusually cautious. "you have to take pause and assess what healthcare and taxes may cost, but we also have an obligation to our investors, so we see the fiscal cliff thing as a temporary roadblock but not something that...it won't stop us from hiring at this moment." one bright spot - according to analysts at mesirow, housing, expecially new housing, in many markets is being driven by investors purchasing homes. another indicator - remodeling. people are putting money into their homes more now. carpeting, appliances, and contract work all spreads the wealth. thank you chuck. still ahead, stocks that make the "must own" list for 2013, right after the break. here is a question a lot of people are asking themselves this time of year - how's your equity portfolio looking? little anx
for now, fiscal cliff negotiations have slowed activity. "this is where the market is frustrated by politics. it's a vicious circle." even at a meeting of start-ups, a group some consider below the radar of fiscal cliff negotiations, some entrepreneurs are becoming unusually cautious. "you have to take pause and assess what healthcare and taxes may cost, but we also have an obligation to our investors, so we see the fiscal cliff thing as a temporary roadblock but not something...
198
198
Dec 8, 2012
12/12
by
FOXNEWSW
tv
eye 198
favorite 0
quote 0
cliff negotiations, as the end of the year approaches, but there are new questions this weekend about what will happen to the u.s. economy if washington fails to come up with the solution. and joining me now, angela mcglowan, a fox news political analyst and doug cornell, a former spokesperson for the democratic congressional campaign committee and a democratic strategist. great to see both of you. >> thank you, good to be with you. >> doug, you first, president obama and his weekly address this weekend says that democrats have some wiggle room on what they're willing to give to get a deal done. what are they willing to give? >> well, first of all, remember that as part of the budget control act the president signed into law about a trillion dollars in cuts and right now the president's priority is to pass a middle class tax cut and benefit 97% of small businesses, and that's the first priority and then, obviously, second part is to deal with the fiscal cliff and he's put entitle and spending cuts on the table and i think really, the issue here is whether republicans are going to be o
cliff negotiations, as the end of the year approaches, but there are new questions this weekend about what will happen to the u.s. economy if washington fails to come up with the solution. and joining me now, angela mcglowan, a fox news political analyst and doug cornell, a former spokesperson for the democratic congressional campaign committee and a democratic strategist. great to see both of you. >> thank you, good to be with you. >> doug, you first, president obama and his weekly...
154
154
Dec 11, 2012
12/12
by
KQED
tv
eye 154
favorite 0
quote 0
it was a quiet day of trading with no economic data and no noteworthy movement on fiscal cliff negotiations. the s&p 500 stuck to a very narrow trading range, just six points from its low point right after the opening bell to its highest level of the session, around 11:00 a.m. eastern time. the index finished up by a fraction. trading volume was light-- 591 million traded on the big board; just over one and a half billion moved on the nasdaq. the materials sector led the gains, up seven tenths of a percent. the consumer discretionary sector was the biggest drag, falling six tenths of a percent. a couple of metal stocks led the way up for materials. with global demand waning, prices have been soft. cliff's natural resources mines the iron ore used in steel furnaces. shares were up 4.6%. they were at a year-low at the end of last month. specialty metals maker allegheny technologies also picked itself up from its yearly low, rising 3.2% today. travel web sites operator priceline.com hit the brakes in the consumer sector. shares fell 5% to a three-week low. investment bank deutsche banc cut its
it was a quiet day of trading with no economic data and no noteworthy movement on fiscal cliff negotiations. the s&p 500 stuck to a very narrow trading range, just six points from its low point right after the opening bell to its highest level of the session, around 11:00 a.m. eastern time. the index finished up by a fraction. trading volume was light-- 591 million traded on the big board; just over one and a half billion moved on the nasdaq. the materials sector led the gains, up seven...
73
73
Dec 9, 2012
12/12
by
CSPAN
tv
eye 73
favorite 0
quote 0
it does seem as though immigration will be the issue of next year once fiscal cliffs negotiating are over, if ever. we've heard from a number of republicans who think that immigration reform might be easier to achieve this time. as you may recall, in 2006 and 2007 we had heated debates on that topic. but at this point, after an election where the republicans lost the latino votes by a large number they would like to see immigration reform pass in some way and they are going to approach it differently this time. >> we apologize for the live signals but we were talking about the immigration and the issue of global warming. did you want to finish your thoughts? >> sure. i want to say what is right for vermont, massachusetts, may not be right for virginia. having said that, we believe and i believe strongly that climate change is the biggest single challenge that we face and we can't move fast enough to do energy efficientcy better. the other point about that from the governor's perspective is it is a jobs creator. as we move to energy efficientcy which is good for climate change but ame
it does seem as though immigration will be the issue of next year once fiscal cliffs negotiating are over, if ever. we've heard from a number of republicans who think that immigration reform might be easier to achieve this time. as you may recall, in 2006 and 2007 we had heated debates on that topic. but at this point, after an election where the republicans lost the latino votes by a large number they would like to see immigration reform pass in some way and they are going to approach it...
198
198
Dec 7, 2012
12/12
by
MSNBCW
tv
eye 198
favorite 0
quote 0
what do these numbers mean and what do they portend for the fiscal cliff negotiations? >> it strengthens the president's hand. it was a good number, not great, because of some of the revisions we saw to previous months but the president can tout a record of job creation, so that's encouraging. the unemployment rate went down to 7.7% for some of the wrong reasons. a lot of people left the labor force. that's not something you want to see. you want to see more people coming into the labor force, encouraged that they have a chance at getting a job. nonetheless, 146,000 jobs created. that's good for the president. gives him a chance to go out there and have some momentum going into the fiscal cliff talks. i was just at the speaker's press conference down the hall at the top of last hour and he said look, there's no progress being made and his call with the president was just more of the same and the staff talks behind the scenes yesterday were more of the same. he didn't give us a whole lot of optimism going into this weekend here, alex. >> here's my question. i have many q
what do these numbers mean and what do they portend for the fiscal cliff negotiations? >> it strengthens the president's hand. it was a good number, not great, because of some of the revisions we saw to previous months but the president can tout a record of job creation, so that's encouraging. the unemployment rate went down to 7.7% for some of the wrong reasons. a lot of people left the labor force. that's not something you want to see. you want to see more people coming into the labor...
81
81
tv
eye 81
favorite 0
quote 0
. >> with no breakthrough today, fiscal cliff negotiations, could this be a starting point? "outfront" republican congressman james lankford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. appreciate you're taking the time. what about this idea of racing taxes on everyone? the math works much better. >> i heard your lead in when you said this is a new idea. actually, it's not a new idea, there are several democrats who have floated that for a while. the code word is we want to go back to the clinton tax rates and talk about the clinton economy that we had a much more vigorous economy and growth and we should go back to the clinton tax rates. what that really means is all tax rates on all americans go back up because the tax rates were brought down in 2001 and 2003. i don't support that. i don't think that's a great idea. it would slow down the economy. >> when you look at economist's evaluations, it would slow down the economy. it would. there's no question about it. but if the problem is that we have
. >> with no breakthrough today, fiscal cliff negotiations, could this be a starting point? "outfront" republican congressman james lankford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. appreciate you're taking the time. what about this idea of racing taxes on everyone? the math works much better. >> i heard your lead in when you said this is a new idea. actually, it's not a new idea, there are...
56
56
Dec 10, 2012
12/12
by
WJLA
tv
eye 56
favorite 0
quote 0
cliff negotiations? >> the president is making the case that the economy is getting better but still fragile and sea and the republicans have both said the country goes over the fiscal cliff it will be very bad for the economy. >> it shows people are still confident -- at what point will that confidence start to wayne? >> probably when we get around christmas or get down to the very last days before the end of the year. these things never get done until both sides backs are up against the wall and the calendar is about to run out. the other side wants to appear they gave too much. -- neither side wants to appear they give up too much. >> a balancing act to the end. thank you so much. >> 23 days ago. not everything is a on the internet is ok in the eyes of the law -- what a virginia judge decided about a post by a woman who slammed the work of a contractor hired to make repairs. >> the -- belfort furntiure weather center a fog advisory for the overnight hours. early tomorrow morning been a big warmup foll
cliff negotiations? >> the president is making the case that the economy is getting better but still fragile and sea and the republicans have both said the country goes over the fiscal cliff it will be very bad for the economy. >> it shows people are still confident -- at what point will that confidence start to wayne? >> probably when we get around christmas or get down to the very last days before the end of the year. these things never get done until both sides backs are up...
255
255
Dec 11, 2012
12/12
by
KPIX
tv
eye 255
favorite 0
quote 0
. >>> to the fiscal cliff negotiations now. it is crunch time. with just three weeks before higher taxes and spending cuts kick in, negotiations are underway, but it's not known what if any progress is being made. speaking in michigan yesterday, the president said he's willing to compromise a little, but the gop wants to know specifics. danielle nottingham has more. >> reporter: president obama's campaign to steer clear of the fiscal cliff took him to a diesel engine plant outside detroit. >> congress doesn't act soon, meaning the next few weeks, starting on january 1, everybody's going to see their income taxes go up. >> reporter: private face-to-face talks were revived this weekend when house speaker john boehner went over to the white house. neither side is releasing details about the conversation, but taxes are still the big sticking point. >> i'm not going to have a situation where the wealthiest among us including folks like me get to keep all our tax breaks. >> reporter: republicans have adamantly opposed raising taxes, but now some are co
. >>> to the fiscal cliff negotiations now. it is crunch time. with just three weeks before higher taxes and spending cuts kick in, negotiations are underway, but it's not known what if any progress is being made. speaking in michigan yesterday, the president said he's willing to compromise a little, but the gop wants to know specifics. danielle nottingham has more. >> reporter: president obama's campaign to steer clear of the fiscal cliff took him to a diesel engine plant...
150
150
Dec 7, 2012
12/12
by
CSPAN
tv
eye 150
favorite 0
quote 0
host: how will the fiscal cliff negotiations affect you? will you lose benefits? caller: i will lose benefits at the end of december, and i will have to go on county assistance to see what they can do to help, but i would rather go back to work. i started picking work when i was 12 years old. host: what are you doing to prepare for the scenario? caller: i am trying to get my ged but i have always had a problem with education. guest: this is a huge issue. people like john are not at the negotiation table. it is tough to consider the full range of decisions. what we find time and time again is that the education and skills component of helping unemployed workers get back into the workforce is a big obstacle. we have 40 programs on the federal level to deal with that, but based on analysis out of rutgers university, is usually people that have been able to find their own education path and get their own skills and out of these government programs have been the most successful. that is a problematic dynamic. host: lisa is next from texas on the independent line. good
host: how will the fiscal cliff negotiations affect you? will you lose benefits? caller: i will lose benefits at the end of december, and i will have to go on county assistance to see what they can do to help, but i would rather go back to work. i started picking work when i was 12 years old. host: what are you doing to prepare for the scenario? caller: i am trying to get my ged but i have always had a problem with education. guest: this is a huge issue. people like john are not at the...
78
78
Dec 13, 2012
12/12
by
CSPAN
tv
eye 78
favorite 0
quote 0
host: how does social security factor into the fiscal cliff negotiation process? guest: the republicans put forward a plan in the last few weeks to change the way the annual cost-of-living adjustment is calculated for social security beneficiaries. the cost of living adjustments, known as the cola, it's the annual increase in benefits people get in their monthly payments. this coming year, next month in january their scheduled to get a 1.7% increase in benefits. that is based on a government measure of inflation, the consumer price index. specifically for so security, they use the consumer price index for urban wage earners. there's a new measure of inflation that the government has been considering for while called the change cpi. on average the social security administration tells us the cola would be 0.3 percentage points less than what it has been. so the 1.7% increase coming in january would be about 1.4%. last year the increase was 3.6% during that would be about 3.3%. that is the biggest effect of adopting this new measure of inflation that republicans put
host: how does social security factor into the fiscal cliff negotiation process? guest: the republicans put forward a plan in the last few weeks to change the way the annual cost-of-living adjustment is calculated for social security beneficiaries. the cost of living adjustments, known as the cola, it's the annual increase in benefits people get in their monthly payments. this coming year, next month in january their scheduled to get a 1.7% increase in benefits. that is based on a government...
212
212
Dec 13, 2012
12/12
by
FBC
tv
eye 212
favorite 0
quote 0
comments from house speaker john boehner on the ongoing fiscal cliff negotiations continuing to weigh on the market. boehner saying spending is the issue getting in the way of a deal. right now the dow is down 74 points. looks like maps on the iphone are headed in a better direction. this is the mover in google maps from the device, apple finally approve of the google its app store. the own attempt at maps was a massive disaster even lead to a rare apology from ceo tim cook. jobless claims fell for a fourth straight week. the market may be improving. marking the second lowest claims this year. you have a slow moving average. that is the latest from the fox business network giving you the power to prosper. ashley: breaking news from major league baseball. the associated press reporting texas rangers gm says josh hamilton has agreed to a contract with the l.a. angels. there you go. tracy: i'm shocked we are even talking about baseball in the middle of winter. ashley: hsbc moving on with the largest fine ever paid by a bank. $1.9 billion for the justice department to settle a money-laund
comments from house speaker john boehner on the ongoing fiscal cliff negotiations continuing to weigh on the market. boehner saying spending is the issue getting in the way of a deal. right now the dow is down 74 points. looks like maps on the iphone are headed in a better direction. this is the mover in google maps from the device, apple finally approve of the google its app store. the own attempt at maps was a massive disaster even lead to a rare apology from ceo tim cook. jobless claims fell...
15
15
tv
eye 15
favorite 0
quote 0
cliff negotiations because evidently according the wall street journal this is one thing that perhaps john boehner and the white house can agree upon that for high income individuals they maybe shouldn't get this tax exemption. anymore how would this impact things oh it's just are very skewed to high income earners now are people in high tax brackets people at the very top get about probably twenty seven percent of the advantage the people in the one percent get about twenty seven percent my own view is that it will really not hurt the bond market the municipal market that much there is massive demand for these bond issuers annual issuances been shrinking year by year so there's less. you know in the end i don't think it's really that big a deal personally the states are going to have to give something up i mean they they don't want federal funds coming to them cut they don't want to cut you know something has to give in this fiscal cliff play the states have to contribute something to the to the you know to the party so you think that if if this tax exempt status of interest is curbe
cliff negotiations because evidently according the wall street journal this is one thing that perhaps john boehner and the white house can agree upon that for high income individuals they maybe shouldn't get this tax exemption. anymore how would this impact things oh it's just are very skewed to high income earners now are people in high tax brackets people at the very top get about probably twenty seven percent of the advantage the people in the one percent get about twenty seven percent my...
107
107
Dec 13, 2012
12/12
by
FBC
tv
eye 107
favorite 0
quote 0
cliff negotiations. right now, dow down 76 points. fox news reports former republican senator hagel emerged at the leading con tender to be president obama's pick to be secretary of defense, according to several democrats briefed on the process. the same sources say senator john kerry is talked up within the administration as a more likely nominee for secretary of state over susan rice, the current u.s. ambassador not united nations. a new study suggests this christmas travel season could be the busiest in six years. aaa predicts more than 93 million americans hitting the highways over the holidays, just 400,000 people shy of the record set in 2006. we continue our count down to the closing bell with the woman who likes her politics the same hi way likes her martinis, shaken, not stirred. liz: no, a mojito, light on the rum, adam. get it right. >> you look like a vodka woman to me, i don't know. liz: never. can't deal with that. a rough year for jcpenney, but things changing. the stock popped, but now th
cliff negotiations. right now, dow down 76 points. fox news reports former republican senator hagel emerged at the leading con tender to be president obama's pick to be secretary of defense, according to several democrats briefed on the process. the same sources say senator john kerry is talked up within the administration as a more likely nominee for secretary of state over susan rice, the current u.s. ambassador not united nations. a new study suggests this christmas travel season could be...
40
40
Dec 6, 2012
12/12
by
MSNBC
tv
eye 40
favorite 0
quote 0
fiscal cliff negotiations, don't you think they would proceed a lot faster and smoother if both sides were really dealing with reality? but, you see, the republicans, they simply are not. house speaker john boehner and senate minority leader mitch mcconnell have spent years catering to the base that believes, let's say, president obama's a socialist, and the united nations wants to take your disabled child right out of your home. they have votes to back it up, folks. this pitiful display of most senate republicans on the disability treaty showed once again just how far they are, and how far they are removed from reality. one democratic senator told me yesterday his office was actually getting calls from constituents with disabled children wanting to know if the u.n. would remove their children from their homes. it is manufacturing fear in the lives of americans. sometimes it's just a bald-faced lie about the facts. here's the democratic and republican opening bids on the fiscal cliff. but the revenue side of the republican proposal just doesn't match up with reality. you can't get $80
fiscal cliff negotiations, don't you think they would proceed a lot faster and smoother if both sides were really dealing with reality? but, you see, the republicans, they simply are not. house speaker john boehner and senate minority leader mitch mcconnell have spent years catering to the base that believes, let's say, president obama's a socialist, and the united nations wants to take your disabled child right out of your home. they have votes to back it up, folks. this pitiful display of...
212
212
Dec 7, 2012
12/12
by
KTVU
tv
eye 212
favorite 0
quote 1
now, economists say these numbers are huge for fiscal cliff negotiations. they back president obama's argument that the economy is doing well enough to handle attack -- handle a tax hike for wealthier americans. >> the fact that this this report is strong, i think puts a little bit of wind in his sails. >> reporter: john boehner is holding a news conference here on capitol hill. he's now lead -- he's now leading the negotiations with president obama. we will show -- we will show you -- tell you what he has to say coming up next hour. >>> starting next year, apple will start making some of its products here in the u.s. apple's ceo tim cook says one of its manufacturing operations will be moved here from china. it's not clear where that assembly plant will be. that announcement comes as criticism is mounting. >>> well, clorox corporation has a deal with a san diego- based investor to sell its headquarters building in downtown san diego. west core properties agreed to buy the 24-story building on broadway. the terms of the deal, that has not been disclosed. bu
now, economists say these numbers are huge for fiscal cliff negotiations. they back president obama's argument that the economy is doing well enough to handle attack -- handle a tax hike for wealthier americans. >> the fact that this this report is strong, i think puts a little bit of wind in his sails. >> reporter: john boehner is holding a news conference here on capitol hill. he's now lead -- he's now leading the negotiations with president obama. we will show -- we will show you...
163
163
Dec 11, 2012
12/12
by
FBC
tv
eye 163
favorite 0
quote 0
wile we focus on the fiscal cliff negotiations, or more appropriately the impasse, many of our state governments aren't in much better shape. state pension systems, unfunded liabilities are now estimated to be in the range of $2.5 trillion to almost $4 trillion. leading is california with more than $370 billion in unfunded pension liabilities, only 47% are currently funded. a pension debt per household in california of almost $30,000. illinois close behind, $167 billion in unfunded liabilities, 28% funded, and the state pension debt per household amounting to over $34,000. in municipal bonds illinois sold over $5 billion in bonds this year making it the third biggest debt issuer in the first three quarters this year. california and new york, numbers one and two with. the issue of unfunded pension liabilities with the passage of right-to-work laws is a subject that i'm going to be taking up with our next guest. -@mallory factor, author of can the bestseller, "shadow boxes: government nioos control america and rob taxpayers blind." we are delighted to have you with us. let's turn first
wile we focus on the fiscal cliff negotiations, or more appropriately the impasse, many of our state governments aren't in much better shape. state pension systems, unfunded liabilities are now estimated to be in the range of $2.5 trillion to almost $4 trillion. leading is california with more than $370 billion in unfunded pension liabilities, only 47% are currently funded. a pension debt per household in california of almost $30,000. illinois close behind, $167 billion in unfunded liabilities,...
105
105
Dec 13, 2012
12/12
by
MSNBCW
tv
eye 105
favorite 0
quote 0
or was it just these fiscal cliff negotiations that are going on right now? the inability to make a deal? >> it's the do-nothing congress, their inability to make this deal. the best thing for the economy would be to make a deal and get off the fiscal edge, right. but if they're not going to be able to do that, then bernanke is smart. and again, it's unprecedented for him to do that. it's smart for him to go in and continue to try to stimulate the economy. >> you know, it's one thing for him to say that he is very concerned about the fiscal cliff and what it would do to the economy. but then to back it up with this move. >> yeah. you got to give the guy a lot of credit. it might be his bid for a third term as fed chairman, frankly, because it is creative. it's unprecedented, and by the way, the europeans are now following his lead. >> what is the danger here? >> well, the danger is that we're creating a bit of a bubble with these low interest rates, just like we did, unfortunately, in 2003 and 2004 when greenspan kept interest rates low. and that created the
or was it just these fiscal cliff negotiations that are going on right now? the inability to make a deal? >> it's the do-nothing congress, their inability to make this deal. the best thing for the economy would be to make a deal and get off the fiscal edge, right. but if they're not going to be able to do that, then bernanke is smart. and again, it's unprecedented for him to do that. it's smart for him to go in and continue to try to stimulate the economy. >> you know, it's one...
185
185
Dec 6, 2012
12/12
by
FOXNEWSW
tv
eye 185
favorite 0
quote 0
as the negotiations move forward. let's bring in the panel. on the fiscal cliff. judge andrew napolitano. fox news senior judicial analyst. juan williams, columnist with tannehill. byron york from the "washington examiner." judge, what do you make of this? we had back and forth and we talk about this every day. every day there are developments. >> the president insistence on raising tax rate is reprehensible and violates economics 101. raising tax rates will not necessarily produce more revenue. the president is more interested to punish the rich and perceived reward for base. doesn't put more money in the federal treasury. the republicans give in to this in spirit of compromise, i respect alan simpson. but this is a time for the republicans to say no to spending no, borrowing. no to taxes. do you any any republicans sent to congress to facilitate the president spending to us oblivion? they no. or they will be sent home. >> president feels like he was elected on a campaign where he mentioned on the stump many times, raising tax rates. >> i understand that. >> but
as the negotiations move forward. let's bring in the panel. on the fiscal cliff. judge andrew napolitano. fox news senior judicial analyst. juan williams, columnist with tannehill. byron york from the "washington examiner." judge, what do you make of this? we had back and forth and we talk about this every day. every day there are developments. >> the president insistence on raising tax rate is reprehensible and violates economics 101. raising tax rates will not necessarily...
333
333
Dec 11, 2012
12/12
by
CNBC
tv
eye 333
favorite 0
quote 0
we have breaking news on the fiscal cliff negotiations. eamon? >> we have a statement from john boehner's office. they're saying that they have made a counter proposal now to the white house. let me read you the statement. they say, we sent the white house a counter offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more american jobs. this from the speaker's office. they are also saying that their offer now today was in response to a new offer from the white house. we know that the ap is also reporting that at least partial offers have been exchanged between the two sides over the past two days. so, clearly, what we know here is that paper is changing hands and the deal making is actually happening right now. what we don't know is what the content of that deal is. and speaker's office telling me right now that they're not going to be able to provide any detail on what was in that counter offer, so, behind the scenes, the mystery continues here. >> so, again, we're not necessarily zeroing in on exactly
we have breaking news on the fiscal cliff negotiations. eamon? >> we have a statement from john boehner's office. they're saying that they have made a counter proposal now to the white house. let me read you the statement. they say, we sent the white house a counter offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more american jobs. this from the speaker's office. they are also saying that their offer now today was in response to a new offer...
174
174
Dec 10, 2012
12/12
by
CNBC
tv
eye 174
favorite 0
quote 0
president barack obama hits the road to talk to republicans about the fiscal cliff negotiations. >> all part of the road to the fiscal cliff we've been seeing now. what's the latest, eamon? >> to really push public opinion in his direction on the fiscal cliff talks. the president today making the argument that he's the guy in this debate that wants to lower american taxes. >> if congress doesn't act soon, meaning in the next few weeks, starting on january 1st, everybody's going to see their income taxes go up. it's true. y'all don't like that, huh? >> and you can tell how confident president barack obama knows how positive his polls are on his side of this issue. but on the game where he's campaigning publicly and negotiating privately. as you said meeting with john boehner at the white house yesterday. and clearly the president is meeting with republicans and then checking back with democrats. we see this pattern now a couple of times last week he met with or spoke to boehner. and then met with nancy pelosi, the democratic leader on capitol hill. today we're told he had a phone call on
president barack obama hits the road to talk to republicans about the fiscal cliff negotiations. >> all part of the road to the fiscal cliff we've been seeing now. what's the latest, eamon? >> to really push public opinion in his direction on the fiscal cliff talks. the president today making the argument that he's the guy in this debate that wants to lower american taxes. >> if congress doesn't act soon, meaning in the next few weeks, starting on january 1st, everybody's...
109
109
Dec 9, 2012
12/12
by
WBAL
tv
eye 109
favorite 0
quote 0
how could this power player conversation impact fiscal cliff negotiations? >> temperatures on the chilly cited above their warming up tomorrow. the insta-weather + forecast just ahead. >> were watching wbal- tv 11. live, local, late breaking. this is 11 news at 6:00. [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> the big story tonight, a crush in defeat at the hand of the washington redskins. adding insult to injury, a spot in the playoffs was available for the taking. >> a season that seemed so charmed a few weeks ago. now what feels cursed for ravens fans. injuries mounting and adding to the pain. it looking good in the fourth quarter. ravens trying to deal with robert griffin iii. hey, diddle diddle. ray rice up the middle. ravens up by eight. the redskins proved to be more resilience. look at kurt cousins in for injured rg3. he finds pierre garcon. tied at 28. a big punt returns setting up. that's it. there you go. from 34 yards, the rookie has never missed a kick in the nfl.
how could this power player conversation impact fiscal cliff negotiations? >> temperatures on the chilly cited above their warming up tomorrow. the insta-weather + forecast just ahead. >> were watching wbal- tv 11. live, local, late breaking. this is 11 news at 6:00. [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> the big story tonight, a crush in defeat at the hand of the washington redskins. adding...
117
117
Dec 8, 2012
12/12
by
FOXNEWSW
tv
eye 117
favorite 0
quote 0
the president's refusal to budge in negotiations with the g.o.p. on fiscal cliff talks. joining me now university of chicago booth school of business professor and former chairman of the council of economic advisors under president obama, dr. austan goolsbee. dr. goolsbee, where is the stethoscope? come on, i see it there hello, good to see you, austin. >> hey, laura great to see you again. i painted the pictures why conservatives should figure it out and not be in despair. on the other side of the equation you have the president. let's say the president gets his tax hikes. you know, everyone thinks they are going to have higher taxes in the new year. so he gets tax hikes. but then what? i mean, the new normal that's being painted by your friends over at the oecd say our girls will probably be about 2.2%. 2% maybe if we're luck in next year. the new normal even with high taxes doesn't look good. >> yeah. let's hope it's higher than that i think it's going to be a bumpy 60 days in my view. fiscal cliff. as low as that 2% is. the awful state of the world right now is that
the president's refusal to budge in negotiations with the g.o.p. on fiscal cliff talks. joining me now university of chicago booth school of business professor and former chairman of the council of economic advisors under president obama, dr. austan goolsbee. dr. goolsbee, where is the stethoscope? come on, i see it there hello, good to see you, austin. >> hey, laura great to see you again. i painted the pictures why conservatives should figure it out and not be in despair. on the other...
193
193
Dec 9, 2012
12/12
by
CSPAN
tv
eye 193
favorite 0
quote 0
they look at the role of lobyists in those fiscal cliff negotiations. and an update on the situation in syria. washington journal live at 7:00 a.m. on c-span. >> by a majority of 6 to 3 and they are going to say that is precedent. and indiana had a -- >> they decided on the indiana case it was constitutional for them to establish i.d. they did not say that all of those states who have subsequently done that -- >> let me finish because you misrepresent what i said. >> hold on. >> that's the law of the land. >> when i hear these accusations that black people, voter i.d. laws disproportionately affect minorities, it implies to me we have something missing in our brain. to me if white can get i.d.'s to vote and follow the processes to follow the laws, what are you telling black people? that they are not good enough, that they are lesser than and that bothers me from democrats on the left that we always have to make special -- there has to be a specialness when we deal with minorities because they are too feebleminded. we need to make concessions for them be
they look at the role of lobyists in those fiscal cliff negotiations. and an update on the situation in syria. washington journal live at 7:00 a.m. on c-span. >> by a majority of 6 to 3 and they are going to say that is precedent. and indiana had a -- >> they decided on the indiana case it was constitutional for them to establish i.d. they did not say that all of those states who have subsequently done that -- >> let me finish because you misrepresent what i said. >>...
189
189
Dec 6, 2012
12/12
by
CNNW
tv
eye 189
favorite 0
quote 0
the foj kus is on washington as fiscal cliff negotiations continue. we will also get an update on the health of the labor market when the weekly jobless claims report comes out later this month. >>> by now you all know the siren logo. >> many of you will grab a cup of coffee this morning. starbucks ceo has sobering advice to offer on the looming fiscal cliff, that the consequences will be far worse than last year's debt ceiling fight when the u.s. credit rating was downgraded for the first time ever. his message to lawmakers, now is not the time to play politics. it's about doing right by the american people. >> i think if people would get in the room and leave their ego behind, and not be so skewed towards the party but be so sensitive to the lens of the american people, we will have an agreement. >> poppy harlow is joining us with more. we've been talking about how this will affect us. schultz says this goes way beyond our boarders. >> it's global. something that stuck with me talking to him about this, the people who need a deal most will be hurt t
the foj kus is on washington as fiscal cliff negotiations continue. we will also get an update on the health of the labor market when the weekly jobless claims report comes out later this month. >>> by now you all know the siren logo. >> many of you will grab a cup of coffee this morning. starbucks ceo has sobering advice to offer on the looming fiscal cliff, that the consequences will be far worse than last year's debt ceiling fight when the u.s. credit rating was downgraded for...
174
174
Dec 10, 2012
12/12
by
FBC
tv
eye 174
favorite 0
quote 0
and peter barnes with the latest developments on the fiscal cliff negotiations, but let's art in chicago with john, two very interesting situations continuing, drama over the fiscal cliff in d.c. and also this week we have the fed meeting. which is more important to the market? >> eventually it will be the fiscal cliff that is more important to the market, but make no doubt about it, the fed meeting with the announcement wednesday morning and wednesday afternoon is going to continue to support risk assets. you were talking about how the dollar is melting up for the fourth consecutive day. the federal reserve will make a very active effort to continue to support risk assets. whether they're equities or commodities. the metals market had a very positive day, recovering a bit with the damage done last week. risk assets are doing well, but over the fiscal cliff for sure in december. liz: the fed, the fed, the fed. they're not going to do anything, but they might announce some sort of easing that is what we constantly talk about and wonder because that has been the trade. with it had a decent
and peter barnes with the latest developments on the fiscal cliff negotiations, but let's art in chicago with john, two very interesting situations continuing, drama over the fiscal cliff in d.c. and also this week we have the fed meeting. which is more important to the market? >> eventually it will be the fiscal cliff that is more important to the market, but make no doubt about it, the fed meeting with the announcement wednesday morning and wednesday afternoon is going to continue to...
163
163
Dec 11, 2012
12/12
by
MSNBCW
tv
eye 163
favorite 0
quote 0
cliff. >> behind the scenes negotiations continue today. republicans say they're waiting for the president to outline more spending cuts. the three big issues, tax rates, entitlement reform, medicare and social security, and whether to raise the debt ceiling. we're about to hit it again, and america may need to borrow more. and on those issues at least for now on chilapitol hill, democra seem to think they have the upper hand. that's it for now. >> thanks so much. >>> last night he describes what he says is to use the debt creel as a pawn in the fiscal cliff negotiations. >> they see the handwriting on the wall and they're going to have to extend it, and if they don't the whole country will see they were willing to tank the entire economy and give everybody the tax break to give people at the top a bonus. where they're just dead wrong, ed, is thinking they're going to gain leverage over this debt ceiling because the american people are not going to stand for republicans turning right around and threatening to destroy the american economy by
cliff. >> behind the scenes negotiations continue today. republicans say they're waiting for the president to outline more spending cuts. the three big issues, tax rates, entitlement reform, medicare and social security, and whether to raise the debt ceiling. we're about to hit it again, and america may need to borrow more. and on those issues at least for now on chilapitol hill, democra seem to think they have the upper hand. that's it for now. >> thanks so much. >>> last...
147
147
Dec 7, 2012
12/12
by
MSNBCW
tv
eye 147
favorite 0
quote 1
., let's talk about the fiscal cliff negotiations and the politics of it. how do these numbers effect, if you feel it effects at all the ongoing negotiations? >> first, for the unemployment we would have heard that obama cooked the preelection numbers. and and, second, i'm glad that secretary solis said we don't need more push, particularly benefiting the unemployment and that's got to be part of the fiscal cliff negotiations that. is something that the republicans have to deal with. and i think the republicans and making sure that the debt ceiling is extended for a long time because the one thing that could hurt the economy even more than going off some curb or cliff or slope is if we had a rep tilgs of the debt ceiling battle that we had in 2011. >> so in your view right now, you think that we're past -- potentially past the tax reform question? it's about not the stimulus money but the debt ceiling negotiation and it's important because many communities are not impacted by private sector job growth and need the public sector jobs that the stimulus would
., let's talk about the fiscal cliff negotiations and the politics of it. how do these numbers effect, if you feel it effects at all the ongoing negotiations? >> first, for the unemployment we would have heard that obama cooked the preelection numbers. and and, second, i'm glad that secretary solis said we don't need more push, particularly benefiting the unemployment and that's got to be part of the fiscal cliff negotiations that. is something that the republicans have to deal with. and...
78
78
Dec 13, 2012
12/12
by
MSNBCW
tv
eye 78
favorite 0
quote 0
and more people trust him to handle fiscal cliff negotiations than speaker boehner to handle the pole. poll. is that why people feel he's going to win at least talking about taxes. >> one, the approval rating is very high. two, republicans go either way. whether republicans want to cut a deal and raise taxes just on the rich or whether they won't go with a deal on january 1st, you'll see taxes to rise on everybody. there's a feeling with democrats they're going to win and get what they want either way. this is trufrustrating republic. when i talk to republicans privately, they say this is hugest from trags. the speaker has put $800 billion on the table and said he would go higher than if the president would come along with spending cuts. >> how high are you hearing? >> it's unclear. i think he's just signaling a willingness which many republicans tell me will also end up being a move on the tax rates. but he can't go there with his caucus, unless he has the spending cuts that he can sell $800 billion in revenue, and we're going to get you $800 billion in spending cuts. democrats don't
and more people trust him to handle fiscal cliff negotiations than speaker boehner to handle the pole. poll. is that why people feel he's going to win at least talking about taxes. >> one, the approval rating is very high. two, republicans go either way. whether republicans want to cut a deal and raise taxes just on the rich or whether they won't go with a deal on january 1st, you'll see taxes to rise on everybody. there's a feeling with democrats they're going to win and get what they...